$CKX
CKX LANDS, INC.

2015 Q4 Form 10-K Financial Statement

#000143774916028545 Filed on March 29, 2016

View on sec.gov

Income Statement

Concept 2015 Q4 2015 2014 Q4
Revenue $180.0K $1.062M $490.0K
YoY Change -63.27% -59.44% -9.26%
Cost Of Revenue $20.00K $82.60K $90.00K
YoY Change -77.78% -54.92% 200.0%
Gross Profit $160.0K $979.5K $400.0K
YoY Change -60.0% -59.78% -21.57%
Gross Profit Margin 88.89% 92.22% 81.63%
Selling, General & Admin $120.0K $501.2K $130.0K
YoY Change -7.69% -4.86% 0.0%
% of Gross Profit 75.0% 51.16% 32.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $2.872K $20.00K
YoY Change -100.0% -95.73% -75.0%
% of Gross Profit 0.0% 0.29% 5.0%
Operating Expenses $120.0K $501.2K $130.0K
YoY Change -7.69% -4.87% -38.1%
Operating Profit $40.00K $650.7K $270.0K
YoY Change -85.19% -65.92% -10.0%
Interest Expense $10.00K $23.11K $0.00
YoY Change 36.66%
% of Operating Profit 25.0% 3.55% 0.0%
Other Income/Expense, Net $23.11K $50.00K
YoY Change 36.68%
Pretax Income $50.00K $673.8K $330.0K
YoY Change -84.85% -65.02% 10.0%
Income Tax $10.00K $210.8K $110.0K
% Of Pretax Income 20.0% 31.28% 33.33%
Net Earnings $40.00K $463.0K $220.0K
YoY Change -81.82% -63.96% 0.0%
Net Earnings / Revenue 22.22% 43.6% 44.9%
Basic Earnings Per Share $0.24
Diluted Earnings Per Share $20.62K $238.4K $113.4K
COMMON SHARES
Basic Shares Outstanding 1.942M
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q4 2015 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.090M $6.091M $6.910M
YoY Change -11.87% -11.79% -0.58%
Cash & Equivalents $2.767M $5.226M
Short-Term Investments $3.320M $3.324M $1.680M
Other Short-Term Assets $40.00K $44.83K $50.00K
YoY Change -20.0% -10.5% 66.67%
Inventory
Prepaid Expenses
Receivables $64.75K $64.75K $146.4K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.201M $6.201M $7.102M
YoY Change -12.69% -12.69% -1.46%
LONG-TERM ASSETS
Property, Plant & Equipment $6.756M $6.756M $6.241K
YoY Change 108150.83% 4.18% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.200M $1.200M $240.0K
YoY Change 400.0% 400.0%
Other Assets
YoY Change
Total Long-Term Assets $7.956M $7.956M $6.725M
YoY Change 18.31% 18.31% 15.17%
TOTAL ASSETS
Total Short-Term Assets $6.201M $6.201M $7.102M
Total Long-Term Assets $7.956M $7.956M $6.725M
Total Assets $14.16M $14.16M $13.83M
YoY Change 2.39% 2.39% 5.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.00K $54.40K $60.00K
YoY Change -16.67% -11.17% -25.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $54.40K $54.40K $61.24K
YoY Change -11.16% -11.17% -19.62%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $54.40K $54.40K $61.24K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $347.2K $347.2K $285.7K
YoY Change 21.53% 21.53% 10.72%
SHAREHOLDERS EQUITY
Retained Earnings $13.75M $13.84M
YoY Change -0.68% 5.75%
Common Stock $59.34K $72.26K
YoY Change -17.88% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.5K
YoY Change 0.0%
Treasury Stock Shares $0.00 $157.5K
Shareholders Equity $13.81M $13.81M $13.54M
YoY Change
Total Liabilities & Shareholders Equity $14.16M $14.16M $13.83M
YoY Change 2.39% 2.39% 5.98%

Cashflow Statement

Concept 2015 Q4 2015 2014 Q4
OPERATING ACTIVITIES
Net Income $40.00K $463.0K $220.0K
YoY Change -81.82% -63.96% 0.0%
Depreciation, Depletion And Amortization $0.00 $2.872K $20.00K
YoY Change -100.0% -95.73% -75.0%
Cash From Operating Activities -$10.00K $442.0K $210.0K
YoY Change -104.76% -69.32% -48.78%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$287.5K -$10.00K
YoY Change -100.0% -59.66% -96.15%
Acquisitions
YoY Change
Other Investing Activities -$2.400M $5.688M $440.0K
YoY Change -645.45% 116.27%
Cash From Investing Activities -$2.400M -$2.706M $430.0K
YoY Change -658.14% 1180.39% -265.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -194.3K -120.0K
YoY Change -100.0% -63.52% -7.69%
NET CHANGE
Cash From Operating Activities -10.00K 442.0K 210.0K
Cash From Investing Activities -2.400M -2.706M 430.0K
Cash From Financing Activities 0.000 -194.3K -120.0K
Net Change In Cash -2.410M -2.458M 520.0K
YoY Change -563.46% -452.91% 2500.0%
FREE CASH FLOW
Cash From Operating Activities -$10.00K $442.0K $210.0K
Capital Expenditures $0.00 -$287.5K -$10.00K
Free Cash Flow -$10.00K $729.5K $220.0K
YoY Change -104.55% -66.12% -67.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015 dei Document Period End Date
DocumentPeriodEndDate
2015-12-31
CY2015 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015 dei Amendment Flag
AmendmentFlag
false
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1942495
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015Q2 dei Entity Public Float
EntityPublicFloat
19773862
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015 dei Document Type
DocumentType
10-K
CY2015 dei Entity Central Index Key
EntityCentralIndexKey
0000352955
CY2015 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2015 dei Entity Registrant Name
EntityRegistrantName
CKX LANDS, INC.
CY2015 ckx Dividend Reversion
DividendReversion
CY2014 ckx Dividend Reversion
DividendReversion
11414
CY2015 ckx Lease Fees Revenue
LeaseFeesRevenue
13992
CY2014 ckx Lease Fees Revenue
LeaseFeesRevenue
117499
CY2015 ckx Period Subject To Examination Federal And State Income Tax Returns
PeriodSubjectToExaminationFederalAndStateIncomeTaxReturns
P3Y
CY2015 ckx Reclassificationoftreasurystockshares
Reclassificationoftreasurystockshares
375516
CY2014Q3 ckx Timber
Timber
63000
CY2015 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
54402
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
61237
CY2015Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
64752
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
146413
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0
CY2015Q4 us-gaap Assets
Assets
14156936
CY2014Q4 us-gaap Assets
Assets
13826652
CY2015Q4 us-gaap Assets Current
AssetsCurrent
6201002
CY2014Q4 us-gaap Assets Current
AssetsCurrent
7102092
CY2015 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
287517
CY2014 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
712683
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5225594
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4529051
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2767424
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2458170
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
696543
CY2015Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3000000
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3000000
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1942495
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2100000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
59335
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
72256
CY2015 us-gaap Costs And Expenses
CostsAndExpenses
411403
CY2014 us-gaap Costs And Expenses
CostsAndExpenses
709641
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
142437
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
598524
CY2014Q3 us-gaap Deferred Gain On Sale Of Property
DeferredGainOnSaleOfProperty
106521
CY2014Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42609
CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
68341
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
42609
CY2015Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-292767
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
-224426
CY2015Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
292767
CY2014Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
224426
CY2015Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
292767
CY2014Q4 us-gaap Deferred Tax Liabilities Gross Noncurrent
DeferredTaxLiabilitiesGrossNoncurrent
224426
CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
292767
CY2014Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
224426
CY2015 us-gaap Depletion
Depletion
2872
CY2014 us-gaap Depletion
Depletion
60941
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
CY2014 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6241
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2872
CY2014 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67182
CY2014 us-gaap Dividends
Dividends
543899
CY2015 us-gaap Dividends
Dividends
194250
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2015 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
172352
CY2014 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
350
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
501159
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
526781
CY2014 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
673806
CY2015 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
286386
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1926007
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
210778
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
641133
CY2015 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
142437
CY2014 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
598524
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
229094
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
654842
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-39383
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-69680
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
335
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
60
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-58090
CY2014 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-36217
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10481
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
49519
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
134576
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
612000
CY2015 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-86920
CY2014 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-60998
CY2015 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-6835
CY2014 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-14951
CY2015 us-gaap Interest Paid
InterestPaid
CY2014 us-gaap Interest Paid
InterestPaid
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
23108
CY2014 us-gaap Investment Income Interest
InvestmentIncomeInterest
16907
CY2015Q4 us-gaap Land
Land
5209846
CY2014Q4 us-gaap Land
Land
4957135
CY2015Q4 us-gaap Liabilities
Liabilities
347169
CY2014Q4 us-gaap Liabilities
Liabilities
285663
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
14156936
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13826652
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
54402
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
61237
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
0
CY2015 us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.0275
CY2015Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
5000000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-194250
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-532485
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2705894
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-211333
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
441974
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1440361
CY2015 us-gaap Net Income Loss
NetIncomeLoss
463028
CY2014 us-gaap Net Income Loss
NetIncomeLoss
1284874
CY2014Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
157505
CY2014 us-gaap Results Of Operations Income Tax Expense
ResultsOfOperationsIncomeTaxExpense
554431
CY2015 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
70240
CY2014 us-gaap Oil And Gas Production Expense
OilAndGasProductionExpense
97702
CY2015 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
786204
CY2014 us-gaap Oil And Gas Sales Revenue
OilAndGasSalesRevenue
1483780
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
650698
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
1909100
CY2015 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4330
CY2014 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1325
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
23108
CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16907
CY2015 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
223869
CY2014 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
436188
CY2015 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
265982
CY2014 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
425956
CY2015 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
5688000
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2630000
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
194250
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
543899
CY2014Q3 us-gaap Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
279828
CY2015 us-gaap Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
21535
CY2014 us-gaap Payments To Acquire Timberlands
PaymentsToAcquireTimberlands
286727
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
44826
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
50085
CY2015 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3084000
CY2014 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3131000
CY2015 us-gaap Proceeds From Sale Of Land Held For Use
ProceedsFromSaleOfLandHeldForUse
185623
CY2014 us-gaap Proceeds From Sale Of Land Held For Use
ProceedsFromSaleOfLandHeldForUse
350
CY2014Q3 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
106521
CY2015 us-gaap Property Plant And Equipment Impairment
PropertyPlantAndEquipmentImpairment
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 94.5pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -22.5pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Impairment of long-lived assets:</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 94.5pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -22.5pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 94.5pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Long-lived assets, such as land, timber and buildings and equipment, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. If events or circumstances arise that require a long-lived asset to be tested for potential impairment, the Company first compares undiscounted cash flows expected to be generated by the asset to its carrying value. If the carrying amount of the long-lived asset is not recoverable on an undiscounted cash flow basis, an impairment charge is recognized to the extent that the carrying value exceeds the fair value. Fair value maybe determined through various valuation techniques including quoted market prices, third-party independent appraisals and discounted cash flow models. The Company recorded no impairment charges during 2015 and 2014.</div></div></div></div>
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6241
CY2015 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
70240
CY2014 us-gaap Results Of Operations Expense From Oil And Gas Producing Activities
ResultsOfOperationsExpenseFromOilAndGasProducingActivities
97702
CY2015 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
715964
CY2014 us-gaap Results Of Operations Income Before Income Taxes
ResultsOfOperationsIncomeBeforeIncomeTaxes
1386078
CY2015 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
429578
CY2014 us-gaap Results Of Operations Oil And Gas Producing Activities Net Income Excluding Corporate Overhead And Interest Costs
ResultsOfOperationsOilAndGasProducingActivitiesNetIncomeExcludingCorporateOverheadAndInterestCosts
831647
CY2015 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
786204
CY2014 us-gaap Results Of Operations Revenue From Oil And Gas Producing Activities
ResultsOfOperationsRevenueFromOilAndGasProducingActivities
1483780
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13750432
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13844249
CY2015 us-gaap Revenue Recognition Dividends
RevenueRecognitionDividends
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 72pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Dividends:</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 45pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -27pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Pursuant to a dividend reversion clause in the Company&#x2019;s Articles of Incorporation, dividends not claimed within one year after the dividend became payable will expire and revert in full ownership to the Company and the Company&#x2019;s obligation to pay such dividend will cease. Any dividend reversions are recorded in equity upon receipt.</div></div></div></div>
CY2015 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 72pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Surface:</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 72pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Surface revenue is earned through annual leases for agricultural and hunting activities and the Company records revenues from these activities at the time of a fully executed lease agreement and receipt of annual lease payment. Surface revenues from these sources are recurring on an annual basis.</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Surface revenue is also earned through right of way and related temporary work space leases, both of which are not unusual in occurrence and are not recurring sources of revenue. Generally, a right of way lease relates to either a utility or pipeline right of way that is a permanent servitude or for fixed periods of time greater than thirty years. The Company retains ownership of the surface or land and is limited to the use of the surface. Revenue is recorded at the time of the agreement&#x2019;s execution date. For income tax purposes, these types of agreements are treated as sales of business assets.</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Other sources of surface revenue can be commercial activities leases and surface mineral sales, such as dirt. At this time, the Company does not have any active agreements related to these &#x201c;other&#x201d; sources </div></div></div></div>
CY2015 us-gaap Revenues
Revenues
1062101
CY2014 us-gaap Revenues
Revenues
2618741
CY2015 us-gaap Royalty Revenue
RoyaltyRevenue
772212
CY2014 us-gaap Royalty Revenue
RoyaltyRevenue
1366281
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
12788600
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
13540989
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
13809767
CY2015 us-gaap Taxes Other
TaxesOther
159464
CY2014 us-gaap Taxes Other
TaxesOther
186161
CY2015 us-gaap Timber Operating Costs
TimberOperatingCosts
8026
CY2014 us-gaap Timber Operating Costs
TimberOperatingCosts
84183
CY2015 us-gaap Timber Revenue
TimberRevenue
52028
CY2014 us-gaap Timber Revenue
TimberRevenue
698773
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
0
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
375516
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 72pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Pervasiveness of estimates:</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 72pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 90pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div></div></div></div>
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1942495
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1942495

Files In Submission

Name View Source Status
0001437749-16-028545-index-headers.html Edgar Link pending
0001437749-16-028545-index.html Edgar Link pending
0001437749-16-028545.txt Edgar Link pending
0001437749-16-028545-xbrl.zip Edgar Link pending
ckx-20151231.xml Edgar Link completed
ckx-20151231.xsd Edgar Link pending
ckx-20151231_cal.xml Edgar Link unprocessable
ckx-20151231_def.xml Edgar Link unprocessable
ckx-20151231_lab.xml Edgar Link unprocessable
ckx-20151231_pre.xml Edgar Link unprocessable
ckx20151231_10k.htm Edgar Link pending
ex31.htm Edgar Link pending
ex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending